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A British electric vehicle company is in the process of establishing itself in the United States and plans to expand its new production concept globally as demand for new mobility systems increases.
Arrival, which develops electric vans and buses, announced the construction of a second micro-factory in Charlotte, North Carolina last week. The company plans to assemble vehicles there for a fleet order with United Parcel Service from the second half of 2022.
President Avinash Rugoobur told CNBC’s Jim Cramer on Monday that its vertically integrated micro-factories require less space and capital investment than traditional manufacturing facilities.
“We are partnering with the City of Charlotte to together produce a whole transportation ecosystem,” he said in an interview with “Mad Money”. “When you look at the global scale that needs to go electric, we expect to have micro-factories, you know, all over the world.
Arrival is investing more than $ 41 million in the Charlotte facility, where its US headquarters are located.
The company plans to go public through a blank check merger with Ciig Merger and plans to hire more than 250 employees at the site. This is in addition to the 650 jobs announced in the region through corporate offices announced in December.
Arrival says it is on a mission to accelerate the transition to zero-emission utility vehicles. The company claims a competitive advantage in that it designs its own batteries and other components in-house and writes its own software, Rugoobur said.
“What’s interesting about the micro-factory is that you can use the existing warehouses and turn them into production facilities,” Rugoobur said.
UPS placed an order with Arrivée nearly a year ago for 10,000 generation 2 electric vehicles as part of the transportation giant’s decision to electrify its fleet of delivery vans. The delivery company took a stake in Arrival at the same time.
Electric vehicles are expected to hit the streets over the next four years.
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